Average Maturity of New Car Loans at Finance Companies, Amount of Finance Weighted
DTCTLVENMNM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.07
Year-over-Year Change
-0.33%
Date Range
3/1/2008 - 3/1/2025
Summary
This economic trend measures the average maturity of new car loans issued by finance companies, weighted by the amount of financing. It provides insights into consumer debt and vehicle financing trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Maturity of New Car Loans at Finance Companies, Amount of Finance Weighted tracks the average length of time borrowers have to repay their new car loans from finance companies. This metric is important for analyzing consumer credit conditions and vehicle purchase patterns.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this trend to understand consumer behavior and credit market dynamics.
Key Facts
- The average maturity of new car loans was 69.2 months as of the latest data.
- Loan maturities have trended upward over the past decade.
- Longer loan terms can impact vehicle affordability and consumer debt levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average length of time borrowers have to repay new car loans issued by finance companies, weighted by the total amount of financing.
Q: Why is this trend relevant for users or analysts?
A: The average maturity of new car loans provides insights into consumer debt levels, vehicle affordability, and broader credit market conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand consumer behavior and credit market dynamics, which can inform decisions related to monetary policy, consumer protection, and automotive industry regulations.
Q: Are there update delays or limitations?
A: The data is released with a lag, and may not capture the most recent market conditions.
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Citation
U.S. Federal Reserve, Average Maturity of New Car Loans at Finance Companies, Amount of Finance Weighted (DTCTLVENMNM), retrieved from FRED.